If the soundcard has ASIO drivers with it then you'll have very low latency (generally anything under 8ms is not noticeable). If your soundcard does not come with ASIO drivers then you can try this freeware generic ASIO program, which works with many common Windows soundcards (including those on laptops):
http://michael.tippach.bei.t-online.de/asio4all/
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Jim Eshleman